Flash Note nº 11

Dear subscriber [name],

We are sending our most recent Flash Note.


  • The macroeconomic scenario today is different from the expectations of most economic agents; likewise, our perspective at this moment is different from what we anticipated at the beginning of this year;

  • We believe that inflation will possibly end the year close to or above 20% if there is not a strong reaction from the monetary policy and also some recovery of the Kwanza.

  • Already including the effect of the currency crisis and partial removal of fuel subsidies, the non-oil economy should contract in Q3 and Q4.

  • In the case of oil production, our perspective is negative, but it has not worsened compared to the beginning of the year.

Best regards,

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